Price drops in Melton South
Listings for sale in Melton South, VIC 3338 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
39
39% of 100 live listings
Median cut
3.6%
$24K off the asking price
Days listed before cut
55
median, first listed to latest cut
Cuts, last 30 / 90 days
31 / 37
10 listings have raised instead
Melton South price-drop summary
39 listings in Melton South (39% of the 100 on the market) are advertised below an earlier asking price. The typical reduction is 3.6%, about $24K. House listings account for 29 of them, with a median cut of 3.6%. Going the other way, 10 listings have raised the asking price.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| House | 29 | 3.6% |
| Apartment | 9 | 3.5% |
| Townhouse | 1 | 9.3% |
Largest current cuts in Melton South
The 30 biggest of 39, by percentage. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 62 Grace Street | $595,000 | $499,000 | -16.1% | 4 bed House | |
| 44 Rees Road | $570,000 | $499,000 | -12.5% | 3 bed House | |
| 5 Jacobena Road | $749,000 | $670,000 | -10.5% | 4 bed House | |
| 9 Songlark Street | $669,000 | $599,000 | -10.5% | 3 bed House | |
| 4/50-52 Wilson Road | $539,000 | $489,000 | -9.3% | 3 bed Townhouse | |
| 1/29 Acacia Crescent | $380,000 | $350,000 | -7.9% | 2 bed Apartment | |
| 3/41 Staughton Street | $427,000 | $395,000 | -7.5% | 2 bed Apartment | |
| 13 Clowes Street | $549,000 | $509,000 | -7.3% | 4 bed House | |
| 3/37 Wickham Street | $530,000 | $495,000 | -6.6% | 3 bed Apartment | |
| 17 David Street | $849,000 | $799,000 | -5.9% | 4 bed House | |
| 30B Grace Street | $429,000 | $405,000 | -5.6% | 2 bed Apartment | |
| 1 Boyd Court | $720,000 | $680,000 | -5.6% | 5 bed House | |
| 16 Bennett Street | $589,000 | $559,000 | -5.1% | 3 bed House | |
| 47 Hanover Circuit | $735,000 | $700,000 | -4.8% | 5 bed House | |
| 39 Walton Street | $700,000 | $670,000 | -4.3% | 4 bed House | |
| 42 Uplands Crescent | $730,000 | $699,000 | -4.2% | 4 bed House | |
| 23 Yeoman Street | $615,000 | $590,000 | -4.1% | 4 bed House | |
| 23 Steadfield Circuit | $520,000 | $499,000 | -4.0% | 3 bed House | |
| 22 Laurier Avenue | $645,000 | $619,000 | -4.0% | 4 bed House | |
| 9 Strachan Place | $829,000 | $799,000 | -3.6% | 5 bed House | |
| 5/63-65 Staughton Street | $399,000 | $385,000 | -3.5% | 2 bed Apartment | |
| 73 Ayesha Avenue | $630,000 | $609,000 | -3.3% | 4 bed House | |
| 16 Exell Avenue | $619,000 | $599,000 | -3.2% | 3 bed House | |
| 4 Eaton Street | $639,000 | $619,000 | -3.1% | 3 bed House | |
| 17 Clowes Street | $640,000 | $620,000 | -3.1% | 3 bed House | |
| 16 Raptor Place | $649,000 | $629,000 | -3.1% | 4 bed House | |
| 66 Bridge Road | $670,000 | $650,000 | -3.0% | 4 bed House | |
| 17 Strachan Place | $739,000 | $719,000 | -2.7% | 4 bed House | |
| 34 Stockwell Street | $899,000 | $875,000 | -2.7% | 5 bed House | |
| 3/27 Staughton Street | $430,000 | $420,000 | -2.3% | 2 bed Apartment |
Suburb profile
Melton South market data
Median prices, rents, growth and vacancy for Melton South.
Sold prices
Recent sales in Melton South
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in Melton South: common questions
How many properties in Melton South have had a price drop?
39 listings for sale in Melton South VIC 3338 are currently advertised below an earlier asking price, 39% of the 100 listings on the market. 31 of those cuts were recorded in the last 30 days and 37 in the last 90.
How much are Melton South sellers cutting their prices by?
The median cut is 3.6%, or $24K, measured from the previous advertised asking price to the current one on each listing.
How long are Melton South listings on the market before the price drops?
A median of 55 days from when the listing first appeared to its latest price cut, across 39 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.